5 Key Post Office FD Interest Rate Examples [Upto 7.50%]

Written by Sravan

Published on:

Conditions

The computation is as follows:

You lost almost 1.34%

If you invest Rs.3,00,000 rupees as a single deposit, then, your earnings as per the applicable Post Office FD Interest rate are as follows.

If you invest Rs.5,00,000 rupees as a single deposit, then, your earnings as per the applicable Post Office FD Interest rate are as follows.

If you invest Rs.10,00,000 rupees as a single deposit, then, your earnings as per the applicable Post Office FD Interest rate are as follows.

1. What is the Post Office Time Deposit Scheme

The post office Time deposit scheme is nothing but a Post office Fixed Deposit (FD) scheme. It is also called as “Post Office Time Deposit scheme” offered by the Indian Central Government. This scheme provides competitive interest rates. Individuals can easily invest in this scheme through a network of post offices across India.

2. When the Maturity amount will be paid in Post Office FD?

The Maturity amount of Post Office FD will be re-paid to the depositor after the expiry of 1 year, 2 years, 3 Years, and 5 Years as per the instructions given by the depositor at the time of opening of FD.

3. Post Office FD Minimum Amount?

The Minimum amount to deposit in Post office FD is Rs.1,000/- in multiples of Rs.100/-.

4. Maximum amount for Fixed Deposit in Post Office?

There is no upper limit on the Maximum amount to deposit in this Post office Fixed Deposit scheme. The depositor can make any amount as per their wish.

5. Post office 1 Year FD Interest rate?

If you deposit 1 Lakh The Post Office FD Interest rate for 1 Year term for both Regular and Senior citizens from 01.01.2024 to 31.03.2024 is 6.90% only.

6. Post office 3 Year FD Interest rate?

The Post Office FD Interest rate for a 3-Year term for both Regular and Senior citizens from 01.01.2024 to 31.03.2024 is 7.10% only.

7. Post office 5 Year FD Interest rate?

The Post Office FD Interest rate for a 5-year term for both Regular and Senior citizens from 01.01.2024 to 31.03.2024 is 7.50% only.

8. Post Office FD Interest rate Senior Citizen?

The Post Office FD Interest rate for Senior citizens ranges from 6.90% -7.50% p.a. only. The depositors have a choice to choose the FD tenure between 1 -5 years. It may be either for 1 year, 2 years, 3 years, and 5 years

9. 1 lakh FD interest for 1 year in post office?

If you deposit 1 Lakh rupees in the Post office for a term of 1 year, the present applicable interest rate of 6.90%. Therefore, you can earn an Interest of Rs.7,080 with a Maturity value of Rs.1,07,080/- at the end of 1 year.

10. 50000 fd for 5 years post office?

If you deposit 50000 rupees in the Post office for a term of 5 years, the present applicable interest rate of 7.50%. Therefore, you can earn an Interest of Rs.19,283 with a Maturity value of Rs.69,283/- at the end of 5 years.

11. Post office Fixed Deposit Double in 5 years?

The thumb rule is to divide the number 72 by the average Interest rate you estimate. For example, if the Average Interest rate is 7.10%, the FD will double in 10.14 Years (72/7.10)

Thanks for your time folks ­čÖé

Author is a Qualified CMA with rich industry experience for more than 6 years. He is an All India Ranker (AIR-101) in CMA and also a Semi-Qualified Chartered Accountant having a quite good experience in teaching the subjects of Accounting and Costing to the commerce aspirants.

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